Dollar Selling Takes Off as US Stocks Hit Records
Dollar’s selloff finally took off overnight as US stocks were boosted further to new record highs on reflation trade and vaccine optimism. Selling is really broad based this time, as the greenback tumbled even against Yen and Swiss Franc. For...
Asian Open: A Cautiously Positive Start To The Week
Indices pushed to fresh highs on low volatility and a weaker dollar provided additional support for commodity prices, AUD, NZD and CAD pairs. Overnight trade provided a positive tone overall, although volatility wasn’t exactly wild with excitement. The Australian and...
Regulators will launch a ‘full-fledged assault’ against Facebook and Twitter, tech investor Paul Meeks predicts
Investor Paul Meeks won’t invest in social media stocks right now, he told CNBC on Monday. Meeks, who’s known for running the world’s largest tech fund during the dot-com bubble, predicted regulators will target the group this year — with Facebook and...
Record Highs Galore
Stock markets are off to a decent start again this week with the US seeing more record highs on Wall Street. This week is shaping up to be much quieter (famous last words) but against the backdrop of an encouraging...
Currency Pair of the Week: USD/MXN
During the first few weeks of Joe Biden’s Presidency, he has put pen to paper signing executive orders on everything from immigration to climate change to wearing masks. However, as mentioned in the Week Ahead, the main focus in his...
EUR/USD Outlook: Near-Term Bias Remains Negative Below Broken Neckline
The Euro weakened on Monday, remaining at the back foot, despite strong rally on Friday (up 0.89% for the day) that formed bullish engulfing pattern on daily chart. The action stays for the fourth straight day below the neckline of...
Sterling Retreats, Dollar Looks into Strong US Stocks and Yields
Dollar and Yen are both recapturing some ground as risk appetite cools slightly in European session. Still, US stocks futures point to more record runs today while yields are firm. We’ll see if the greenback to ride on the trend...
Gold Fails To Increase Buying Interest, Holds In Descending Channel
Gold has been holding in a bearish sloping channel over the last six months, developing beneath the simple moving averages (SMAs) and the Ichimoku cloud in the daily timeframe. Technically, the stochastic oscillator posted a bullish crossover within the %K...
US Dollar Little Changed As Hope Of Another Stimulus Rise
The price of crude declined slightly today after the latest rig count data by Baker Hughes and Enverous. The total number of oil and gas rigs rose by 8 last week, bringing the total to 392, which is 398 lower...
China plans to hand out $1.5 million in a digital currency test during the Lunar New Year
Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters BEIJING — China’s capital city...
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